Home |
Search |
Today's Posts |
|
#1
posted to rec.boats.cruising
|
|||
|
|||
How Long ???
On 10 Mar 2006 10:27:09 -0600, Dave wrote:
Nope. Just somebody who thinks buying or selling a boat should be a matter of spelling out what each party expects in advance The problem is that it is just about impossible to anticipate every single issue that may pop up in the survey, or the reaction of the seller. That's why I consider it vitally important to have an escape clause, and it doesn't really matter if we are talking boats, houses, cars or something else. |
#2
posted to rec.boats.cruising
|
|||
|
|||
How Long ???
Nope. Just somebody who thinks buying or selling a boat should be a matter
of spelling out what each party expects in advance Wayne.B wrote: The problem is that it is just about impossible to anticipate every single issue that may pop up in the survey, or the reaction of the seller. That's why I consider it vitally important to have an escape clause, and it doesn't really matter if we are talking boats, houses, cars or something else. The issue here is that the buyer does not expect to be forced to complete the sale of a boat with a serious problem, hitherto unkown, turned on the survey; it is in the seller's interest (and the brokers) to at least have some legal phrases in the contract to browbeat him with. That's why I agree with Wayne and also wrote my own sales contract. Most "standard contracts" have words to the effect of "approval subject to survey" which is not very specific, it certainly does not specifically spell out that the buyer can reject the boat AND get his deposit back, in the event of discovered problems that he doesn't like & the seller will not dicker over. You also hear people talk about a boat 'passing' the survey, there is not a grade issued so a boat can neither pass nor fail. It should also be noted the dollar value assigned has more meaning to the insurance company than to the buyer. Fresh Breezes- Doug King |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Gloves for long distance Canoeing? | UK Paddle | |||
Long Beach, Miss? | ASA | |||
Carribean Sail | General | |||
A Recreational Boating Message | General | |||
A Recreational Boating Message | General |